201008906 - Laserfiche WebLink

Browse

�oioossos "I'HTS SECURITY INSTRUMENT combines unif'orm covenants for national use and non-uniform ccrvenants with limited variations by jurisdictian to c�nstitule a unifarm security instrument covcring rcal �roperiy. UNIFORM CUV�NANTS. Borrotver and L.ender covenant and agree as follows: 1. 1'syment of Principal, Interest, Escraw Items, Prepayment Charges, and Lat� Char��s. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any pr�payment charges and late charges due under th� Nat�. Barrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Nate and this Security Instrument shall be made in U.S. curr�ncy. However, if any check or other in.strum�nt r�c�ived by I.ender as payment under the Note or this S�curity Instrument is returned to Lender unpaid, Lender may r�quire that any or all subsequent payments due under thc Note and this Security Instrument be made in one or morc of th� following farms, as selected by T.ender: (a) cash; (b) money order; (c) certified check, bank check, treasur�r's c:h�Gk or c.ashi�r's check, provided any such check is drawn upon an institution whose depasits are insured by a federal ag�ncy, instrurnentality, or entity; or (d) �lectronic Funds Transfer. Payrnents are deemed received by L.ender when received at the loca[ion designated in the Nate ar at such other localion as rnay be designated by L.ender in accordance with the notice pravisiUns in Section 1S. L.ender may retum any payment or pa�tial payment if the payment or partial payments are insufficient to bring the T.oan current. L,ender may accept any paynient or partial payment insufficient lU bring lh� I,c�an current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in lhe fu[ure, but Lender is not obligated to apply such payments at the time such payrnents ar� accepted. If cach Periodic Payment is applied as of its scheduled due date, thcn I.�nd�r n��d not pdy interest on unapplied tunds. L,ender may hold such unapplied funds until B�rr�wer makes paytnents ta bring the Loan current. If 13orrower does not do sc� wilhin a r�asan�abl� p�riod of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediafcly priar ta 1'ar�clasure. No affset or clairn which Bonrawer might have now or in the future against Lender shall relieve Borrawcr Pram making paym�nts due under the Note and this Security In.Strument ar p�rforming th� cav�z�nts and agreements secured by this Security Instrument. 2, Application of Payments or Proce�clti. Except as otherwise described in tliis Section 2, all payments accepted and applied by I,ender shall be applied in the 1'ollowing order of priority: (a) interest due under the Note; (b) principal dus under the Nate; (c) amaunts due under Section 3. Such payments shall be applied to each Periodic Payrnent in the order in which it became due. Any remaining amounts shall be applied first to late charges, secand ta any other amaunts due under this Security Instrument, and then to reduce the princ:ipal balance af the Note. Tf T.ender receiv�s a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If mc�re than ona Periodic Payment is outstanding, L.ender may apply any payment received from Borrower to the repayment af the Periodic Payments if, and to the extent that, each payment can be paid in full. Ta the extent that any excess exists after the payment is applied to the full payment of one or mora Feriodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chargcs and then as describ�d in th� Note. Any application of payments, insurancc prac��ds, ar Misc�llan�ans Proceeds to principal due under the Note shall not extend or postpone the due date:, c�r change the amount, of tt►e Psriadic Payments. 3. Funds for Escrow Xtemia. Barrawer shall pay to L.ender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to prc�vid� far paytnsnt af arnaunts duc for: (a) taxes and assessments and othc:r items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehald payments or ground rents an the Property, if any; (c) premiums for any and all ir�uranc;e r�quir�d by I.�nd�r under Sc.ction 5; and (d) Mc�rtgage Insurance NEBRASKA - 5ingle Family - Fannie Mge/Freddie Mac UNIFQRM INSTRUM�NT �-B�N�) �oei � i Page 4 at 16 mii�ais � Form 3028 9l09